The bill establishes the Louisiana Fortified Roof Tax Credit Program, which allows residents to claim a nonrefundable income tax credit for expenses incurred in fortifying their roofs to meet standards set by the Insurance Institute for Business and Home Safety. The credit is applicable to qualified expenses paid on or after July 1, 2025, and is capped at $10,000 per taxpayer, with a total annual limit of $10 million for all credits issued. The program includes provisions for an application process, certification by the Insurance Institute, and a first-come, first-served basis for credit issuance. Taxpayers can carry forward any unused credits for up to three years.

Additionally, the bill outlines the administration of the credit, including the requirement for taxpayers to submit an application along with necessary documentation to the Louisiana Department of Revenue. It also includes measures for the recapture of credits if expenses are later found to be ineligible, and prohibits taxpayers from receiving multiple tax benefits for the same expenses. The program will be governed by rules promulgated by the Department of Revenue to ensure compliance and effective management. The credit will not be available after December 31, 2031.